English translation of article 63 of the Swiss Insurance Supervision Act

Publication

Chapter 5: Supervision
Section 5: Termination of insurance activity
> Art. 62 Transfer of insurance portfolio
< Art. 64 Insurance group

This page contains an English translation of the below Article of the Swiss Insurance Supervision Act (ISA) and is part of a web based Swiss ISA commentary in German language. Should you require qualified written legal advice on the ISA from a Swiss lawyer please do not hesitate to contact: Melissa Gautschi

Article 63 of the Swiss Insurance Supervision Act 

Publication

1 FINMA shall publish, at the insurance company’s expense, the relinquishment of the authorisation for business activities or the withdrawal of the same.

2 It shall publish, at the expense of the insurance company acquiring the portfolio, the approval of a portfolio transfer.
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